Sallie Mae to Bring Workers Back to U.S.
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Sallie Mae announced Monday that it would create 2,000 jobs in the United States by bringing back to the country call center, technology and other workers that the student loan provider has spread across the globe in recent years. "The current economic environment has caused our communities to struggle with job losses," Albert L. Lord, Sallie Mae's chief executive officer, said in a news release. “We also contribute economically to the many communities where we operate our business. They need jobs, and we will put 2,000 of them into U.S. facilities as soon as we possibly can." Critics suggest that the company's action may not be entirely selfless; the lender is competing for a contract to service federal direct loans, and Sallie Mae's significant offshore operations reportedly could jeopardize its bid.